Assistant Buying Manager

1 week ago

Kota Damansara, Malaysia WH Smith Malaysia Sdn Bhd Full time

**Job Overview**

**Responsibilities**:

- **1. Market Research**:_
- Conduct thorough market research to identify current trends, consumer preferences, and competitor strategies.
- Stay informed about industry developments and changes in consumer behavior.
- **2. Assortment Planning**:_
- Develop and implement a strategic assortment plan for the assigned product categories.
- Select products based on market demand, sales data, and profitability analysis.
- **3. Supplier Relationship Management**:_
- Cultivate and maintain strong relationships with suppliers and vendors.
- Negotiate on new product listing, trading terms, pricing and costing, and contractual agreements to ensure favorable conditions for the business.
- **4. Inventory Management**:_
- Monitor and manage inventory levels to optimize turnover and minimize stockouts or overstocks.
- Work closely with the inventory and logistics teams to ensure timely replenishment.
- **5. Budgeting and Cost Management**:_
- Develop and manage budgets for the assigned product categories.
- Implement cost-effective strategies to maximize profitability.
- **6. Promotional Planning**:_
- Collaborate with marketing teams to plan and execute promotions and marketing campaigns.
- Analyze the effectiveness of promotions and adjust strategies accordingly which includes sales promotion activities, merchandise compliances and internal memo circulation.
- **7. Data Analysis**:_
- Utilize sales data, market trends, and other relevant metrics to make informed buying decisions.
- Generate regular reports to evaluate category performance which includes issuing purchase order and coordination of all the details required to carry out the order successfully, and sales report preparation.
- **8. Compliance and Quality Assurance**:_
- Ensure that all products meet quality standards and comply with regulatory requirements.
- Work with vendors to address quality issues promptly.
- **Any Ad-hoc task assigned by Superior from time to time.**_

**Requirement**
- Bachelor’s Degree in Business, Merchandising, Supply Chain, Retail Management or a related field is often preferred.
- **Proven 2 to 5 years’** **experience as a Buyer/merchandising experience in retail, bookstores, FMCG or in a similar role.**:

- Strong analytical, problem-solving skills and negotiation skills.
- Excellent communication and interpersonal abilities.
- Ability to work in a fast-paced, dynamic retail environment.
- Familiarity with retail management software and inventory systems.
- Able to speak Mandarin will be an added advantage.

**What we offer you?**
- Career Progression
- Fun and Positive Environment
- Professional Career Development
- Competitive Salary
- Company Laptop
- Free Parking

**Salary**: RM6,000.00 - RM7,000.00 per month

Schedule:

- Monday to Friday

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